EXCO RESOURCES, INC. (NYSE:XCO) Files An 8-K Entry into a Material Definitive AgreementItem 1.01.
Amendment to Credit Agreement
On November20, 2017, EXCO Resources, Inc. (“EXCO”), certain subsidiaries of EXCO, JPMorgan Chase Bank, N.A., as administrative agent, and the banks party thereto entered into the Ninth Amendment to Amended and Restated Credit Agreement (the “Amendment”), amending EXCO’s Amended and Restated Credit Agreement, dated as of July31, 2013 (as amended, the “Credit Agreement”).
The Amendment amends the definition of Indebtedness (as defined in the Credit Agreement) to exclude, in certain circumstances, accounts payable incurred in the ordinary course of business.
The Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein. The foregoing summary does not purport to be complete and is qualified in its entirety by reference to the Amendment.
|Item 1.01.||Financial Statements and Exhibits.|
The exhibits listed below are filed herewith.
EXCO RESOURCES INC ExhibitEX-10.1 2 d498767dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 EXECUTION VERSION NINTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT THIS NINTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (hereinafter referred to as the Amendment) is dated as of November 20,…To view the full exhibit click
About EXCO RESOURCES, INC. (NYSE:XCO)
EXCO Resources, Inc. (EXCO) is an oil and natural gas company. The Company is engaged in the exploration, exploitation, acquisition, development and production of onshore United States oil and natural gas properties with a focus on shale resource plays. The Company’s principal operations are conducted in certain United States oil and natural gas areas, including Texas, Louisiana and the Appalachia region. The Company holds acreage positions in approximately three shale plays in the United States, including East Texas and North Louisiana, South Texas and Appalachia. In East Texas and North Louisiana, the Company holds approximately 83,800 net acres in the Haynesville and Bossier shales. In South Texas, it holds approximately 65,800 net acres in the Eagle Ford shale. In Appalachia, the Company holds approximately 137,400 net acres prospective in the Marcellus shale.